Tradingviewindia
Confused about where to invest at this stage of the cycle?Monthly chart CNXPHARMA
Price action: Blue arrows show higher top and bottom
Line studies: Price moving out of red downtrending channel
Averages: Support at 200 period EMA in June 2018 and Feb 2019
RSI: Bullish divergence + trending up NSE:CNXPHARMA
Comment: One can consider investing in pharma funds/Etfs with a systematic investment strategy for 5 years (Holding period 10 yrs)
By Animesh Vashisht, CFTe
(Disclosure: I hold personal investments in the sector.This is just an opinion not advice.Consult your financial advisor beforemaking investment decisions)
BANKNIFTY- what lies AheadFrom a larger time frame context looking keenly at these 2 zones in the markets. Idea is we ride the trend on the upside as market evolves but be prepared for a failure at the upper zone for a potential reversal or a break out above that for another leg of move.
On the downside a break below the support areas, will lead to a potential correction and rotation back to the balance areas of 27150 zones.
the three potential trade scenarios are presented
Charts and news are not enough to make money (Educational)Includes,
2, 6 rule
Iron triangle of risk control (How many shares to trade?)
The concept of risk control (Where to stop?)
In the markets it hardly matters how good your trading system is..
What matters is if you can count or not.
Confused? Even i was for many years before understanding the importance of Risk management in trading. There is one missing element in your trading and realizing it alone does not help, trusting and welcoming it does. Here is a small article inspired from one of the best books on Psychology and risk management.
Continue reading: tradersworld.co.in
NUMBERS TO KNOW BEFORE MARKETS OPEN THIS WEEK (SPECIAL POST)WEEKEND SPECIAL: NUMBERS TO KNOW BEFORE THE OPENING BELL TOMORROW 24/12/2018
At 7.10 PM IST, 23rd DEC 2018,
GLOBAL MARKETS UPDATE
NORTH AMERICA
Dow Jones Industrial (USA) 22,445.37|−414.23 (1.81%)|
Dow Jones Transportation (USA) 8,874.79|−155.15 (1.72%)|
Dow Jones Utility (USA) 722.38 |−7.04 (0.97%)|
NASDAQ100 (USA) 6,046.56|−196.64 (3.15%)|
S&P500 (USA) 2,416.58|−50.84 (2.06%)|
TSX Composite (Canada) 13,935.44|−206.33 (1.46%)|
EUROPE
FTSE 100 (UK) 6,721.17|+9.24 (0.14%)|
DAX (Germany) 10,633.82|+22.72 (0.21%)|
CAC 40 (France) 4,694.38|+1.93 (0.041%)|
SOUTH AMERICA
IBOVESPA (Brazil) 85,697.15|+427.86 (0.50%)|
ASIA
Nikkei (Japan) 20,166.19|−226.39 (1.11%)|
Hang Seng (Hong kong) 25,753.42|+129.89 (0.51%)|
KOSPI (Korea) 2,061.49|+1.37 (0.066%)|
Straits (Singapore) 3046|-4.58 (0.15%)|
Taiwan Index 9,646.16|−28.36 (0.29%)|
SET (Thailand) 1,595.33|−0.77 (0.048%)|
IDX (Indonesia) 6,163.60|+15.72 (0.26%)|
SSE (China) 2,516.25 |−20.02 (0.79%)|
KSE100 (Paksitan) 38251|+14 (0.04%)|
SGX Nifty 10755.50
BACK HOME,
Previous day advances/declines/unchanged issues:
NSE: 534/1246/81
Nifty50: 5/45/0
Nifty500: 124/369/8
Nifty Bank: 2/10/0
INDIA VIX = 15.99 (+11.58% in last session)
NiftyOPTIONS-27th DEC
MAX OI CE 11000, 10900
MAX OI PE 10000, 10500
NIFTY50 (SPOT)
PREVIOUS DAY OPEN: 10944.25
PREVIOUS DAY CLOSE: 10754
PREVIOUS DAY HIGH: 10963.65
PREVIOUS DAY LOW: 10738.65
PREVIOUS WEEK OPEN: 10853.20
PREVIOUS WEEK CLOSE: 10754
PREVIOUS WEEK HIGH: 10985.15
PREVIOUS WEEK LOW: 10738.65
INTRADAY FIBONACCI LEVELS (24/12/2018)
FINAL SUPPLY ZONE 11044
SECOND SUPPLY ZONE 10957
FIRST SUPPLY ZONE 10905
PIVOT POINT 10819
FIRST DEMAND ZONE 10734
SECOND DEMAND ZONE 10682
FINAL DEMAND ZONE 10594
WEEKLY FIBONACCI LEVELS
FINAL SUPPLY ZONE 11073
CONTINUE READING : tradersworld.co.in
FINANCIAL MARKETS AND BUSINESS CYCLEIt is important to understand that primary trends of stocks, bonds, and commodities are determined by the attitude of investors during unfolding of events in the business cycle. An understanding of the interrelationship of credit, equity, and commodity markets provides a useful framework for identifying major reversals in each.
MARKET MOVEMENTS AND BUSINESS CYCLE
The bond market is the first financial market to begin a bull phase. This usually occurs after the growth rate in the economy has slowed down considerably from its peak rate, and quite often is delayed until...CONTINUE READING: tradersworld.co.in
Sometimes you have to leave the crease to hit a six - PCJ BUYBUY PC JEWELLER ABOVE 85
TARGET 97, 110, 136
SL 71.5
A disciplined trader should avoid such scripts on regular basis but kabhi kabhi spinner ke sath bhi crease se bahar ana padta hai. :)
Some points:
1. OBV and PRICE Bullish divergence
2. Healthy candles
3. An upmove followed by a retracement
4. Has started to move up again (Latest candle)
5. Oversold
NRB BEARING (BULL, MEDIUM TERM)Prefer to Buy to any dip around 206 (Upto you to wait for the dip or enter now, I would wait)
Target 230
SL 189
1. Bollinger bands bullish expansion with OBV confirmation
2. Last month HDFC mutual fund bought 10.60 Lac shares at avg price of 184
3. Currently in new highs territory
BANK NIFTY DOWNSIDE 600 POINT (SHORT TERM)If given opportunity by the market to execute trade tomorrow,
One can short for target of 26035 and Stop loss 26865 .
(If market allows to enter but not at current level, then trader is free to improvise, for an idea the stop loss can be taken down to latest minor swing high at 26700 in case entry is significantly lower than recommended range)
A small report worth reading : tradersworld.co.in
Twitter : www.twitter.com
INDIA VIX - OPTION SELLERS BEWAREVolatility is back in the markets after a while and does not look like it will cool off anytime soon.
Another series of spikes is expected which can take INDIA VIX to 25.
Weekly chart of the volatility index shows the range between 16-25 for coming months.
High VIX = Inflated premiums on option contracts.
For beginners ,
India VIX is a volatility index which measures market expectations of near term volatility.
It indicates the investor's perceptions of the market volatility in near term and is based on Nifty OTM options. Higher the India VIX values, higher the expected volatility and vice-versa.
As the volatility index rises, one should become careful as the market can steeply move into either direction
- Animesh Vashisht
MARKET CLOSED. LEARNING NEVER DOES. Before the article, i would like to mention something.
I made the account on tradingview 2 years ago. But its the last 6 months that i have completely fell in love with this platform. Apart from tools, no other platform gives opportunity to connect with a community of traders like this. I like to call this 'Facebook for traders.' I have been spreading the word about it since months now, and i encourage others to do that same. Lets strengthen the Indian community on this platform.
Let us start with the article now,
Breadth analysis is one of the most valuable aspects in technical analysis. It introduces a new dimension to analysis, where it reveals the true strength or weakness of the targeted market. Such dimension is not attainable from the standard price and volume chart.
Breadth Analysis can be applied to any sector in the market or to a specific industry group as long as there is a way to determine their constituents and the components.
In the last few decades analysts have managed to develop some very sophisticated technical indicators based on market breadth. Some of which form a part of this article.
Market breadth indicators are sometimes referred to as broad market indicators, since they do not refer to individual stocks.
Did you know?
In 1901, Charles H.Dow commented in his June 23,1900, editorial in the wall street journal about the number of advancing and declining issues-”Of these 174 stocks, 107 advanced, 47 declined, and 20 stood still.''
This gives us an idea that Market breadth analysis had been paid attention to long before the studies around such analysis came out.
(I tried to type the whole article here on tradingiew but i am unable to attach pictures, if anyone knows how to, please share in the comment section below so that i do not have to attach an external link. Thanks)
Continue reading the article at tradersworld.co.in